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Updates on housing purchases - John [entries|archive|friends|userinfo]
John

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Updates on housing purchases [Feb. 26th, 2010|09:47 pm]
John
As expected, it's pretty anti-climactic.

The buyer and seller were both good folks of good will who wanted to make a deal, and truly were being stymied by circumstance. The big problem was that, honestly, we're both tapped out. He's trying to manage his grandmother's estate; he's got expenses he can't just cover. And me, well, I've tapped all of the resources the bank will let me in covering this.

On the one hand, I felt a bit - just a bit - bad going in loaded for bear. But I might have been facing a bear... and when it turned out I was just facing another guy, trying to do what's right, well, I hope no one who knows me thinks that there was a chance in hell we wouldn't figure out something to put this together.

In the end, I think I'm overpaying a bit for the house - but I also think it's worth it. Housing markets *are* important; you can't *way* overspend for your house (even if the bank lets you). But there's also some squishy space between "you were generous, in order to get what you want," and "you overspent".

And it sounds like this might take a big chunk of worry off of a decent guy's plate, get some local contractors a fair amount of work, and get me a house I can afford, and live in without being afraid. And honestly - I think this might have saved the house. I don't know what would have happened if someone didn't buy it, willing to do the necessary repairs, fairly soon.

I'm probably supposed to shout YAY! or something, but, honestly, I'm too tired... so, feel free to say it for me :-).
linkReply

Comments:
[User Picture]From: wcg
2010-02-27 05:50 am (UTC)
Here, I'll shout YAY for you.
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[User Picture]From: wordweaverlynn
2010-02-27 06:08 am (UTC)
YAY! YAAAAAYYYYY! And yay for you being a decent human being.

Also, I want house details. I love houses.
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[User Picture]From: tiger_spot
2010-02-27 06:18 am (UTC)
House! ::cheers::
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[User Picture]From: grey_lady
2010-02-27 06:21 am (UTC)
Yay!
I'm pleased to hear that it sounds like it worked out well for both parties. Those are the best deals of all.
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[User Picture]From: kightp
2010-02-27 07:29 am (UTC)
I've pretty much been saying variations on "yay" since you called me this morning. It's a fine house, and your ethical behavior through the purchase will help make it continue to be a fine house. I look forward to helping you make it a home.
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[User Picture]From: kightp
2010-02-27 04:35 pm (UTC)
Oh, and for the curious: I took some pictures when we visited the house two weeks ago.

Edited at 2010-02-27 05:44 pm (UTC)
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[User Picture]From: ljgeoff
2010-02-27 07:43 am (UTC)
OH, YAY!
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[User Picture]From: glinda_w
2010-02-27 09:50 am (UTC)
YAY!!!

I hope I get a tour, or something, if you guys do a "housewarming" sort of thing... for this, I'd even bake & bring a chocolate decadence, and I don't do those that often anymore. *grin*
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[User Picture]From: wolfette
2010-02-27 10:41 am (UTC)
Yay - and congrats on becoming a home owner. May it be a happy home.
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[User Picture]From: jhetley
2010-02-27 02:12 pm (UTC)
YAY!

(Per request. We're reasonable people, always ready to help.)
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[User Picture]From: siptah
2010-02-27 02:46 pm (UTC)
congrats john...welcome to the world of home ownership. looking forward to hearing about the new place as you get it fixed up and settle in....
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[User Picture]From: dandelion_diva
2010-02-27 05:16 pm (UTC)
I'm so glad it all worked out.

YAY! :)
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[User Picture]From: fourgates
2010-02-27 06:14 pm (UTC)
Yay!
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[User Picture]From: awryday
2010-02-27 08:45 pm (UTC)
Well I'm glad it worked out. So. . . yay!
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[User Picture]From: wyang
2010-02-27 11:12 pm (UTC)

Congratulations!

I'm really happy for you, John.

Over the years, I've started to think that buying a house is an investment in a kind of lifestyle that's got deeper roots than you can get with apartment life. I think it will agree with you.

Congratulations, and I'm looking forward to hearing more about your adventures in home ownership!
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[User Picture]From: 98
2010-02-28 12:00 am (UTC)
I see the YAYs are covered so HUZZAH!

Being loaded for bear is prudent. So is not shooting unnecessarily.
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[User Picture]From: janetmiles
2010-02-28 12:11 am (UTC)
Being loaded for bear is prudent. So is not shooting unnecessarily.

Oh, well said! And also, YAY!
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[User Picture]From: pagawne
2010-02-28 12:30 am (UTC)
I am very happy for you. When you decide on the color you want in the kitchen, let me know and I will make you some matching hot pads.
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